If you obtained your mortgage more than 10 years ago from the current date, there is no prepayment charge for repaying your mortgage or making partial prepayments in accordance with your mortgage agreement.

If 10 years have not yet passed since you first obtained your mortgage, you may be subject to a prepayment charge. You can utilize the calculator available for contracts 32-34 to work out the estimated prepayment charge. Additionally, please refer to your mortgage agreement for more information on prepayment charge calculations, how payments are applied, and possible prepayment privileges available.

Other associated fees and charges may apply when repaying and discharging your mortgage. Please refer to your mortgage agreement or our online fee schedule, or contact our client relations team for more information.

If you have any questions, please contact HomeEquity Bank by calling us between Monday and Friday 8:30am - 7:00pm ET toll-free at 1-866-331-2447 or emailing ClientRelations@heb.ca. A member of our client relations team will be happy to assist you.